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Mixed Use

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325 East 14th Street

Leor Sabet Of The Sabet Group Acquires Mixed-Use Property From Marie France Perugini For $3.3M
SOLDMixed-use

Leor Sabet Of The Sabet Group Acquires Mixed-Use Property From Marie France Perugini For $3.3M

325 East 14th Street

$3,300,000

$535/SF

Building Size

6,168 SF

Asset Type

Mixed-use

Closing

Sep 30, 2024

AI

The mixed-use building located at 325 East 14th Street in Gramercy Park, Manhattan was sold for a transaction price of $3,300,000. The property encompasses a total of 6,168 square feet, translating to a price per square foot of $535.

Summary of transation details:

The transaction was executed swiftly, noted for its rapid contract to close. The brokers involved, Craig Waggner, John Ciraulo, and Jack Stephen from Cushman & Wakefield, highlighted that the building was delivered with vacant commercial spaces on the ground floor and parlor floors, along with one of the three floor-through two-bedroom apartments.

Players

John Ciraulo

Cushman & Wakefield

Broker

$747.3M

vol

48 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93